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The correct conclusion is:
A. The project is operating at a favorable cost efficiency ratio.
B. the project is spending more than planned
C. the project is behind schedule
D. the project is ahead of schedule
E. B and C
I will go with option C - the project is behind schedule as shown by ZULFIQAR ALI and thanks for the invite.
SPI = EV/PV = 25000/28000 = 0.89. If SPI is less then 1 means project is behind the schedule.
My answer is C. the project is behind the schedule.
C. the project is behind schedule
Reference: Here, EV=25, PV=28 and AC=26; so CV = -1, SV = -3 and CPI = 0.96 and SPI = 0.89. Therefore it is over budget and behind schedule; but over-budget by very insignificant point, while it is certainly behind schedule by over 10%. That's why answer is C.
E. B and C -----------------------